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Emerging world again driving global growth, but will it last?

From Financial Times:

That view is supported by reports from Oxford Economics last week, arguing that global trade peaked in the first quarter. They also noted that world trade had been increasingly dominated by China and warned: “We expect China’s economy to cool [in the second half of 2017]. With demand growth in the US and Europe not expected to rise significantly, we see a corresponding moderation in world trade towards the end of the year.”